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Use the formula for continuous compounding to compute the balance in the account after​ 1, 5, and 20 years.​ Also, find the APY for the account. A 17,000 deposit in an account with an APR of 4.5%. The
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Use the formula for continuous compounding to compute the balance in the account after​ 1, 5, and 20 years.​ Also, find the APY for the account. A 17,000 deposit in an account with an APR of 4.5%. The balance in the account after 1 year is approximately?

User Abhishek Biswas
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I believe answer is the square root of 87+56-12=5
User Ryan Weinstein
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